Finance News: Latest Financial News, Finance News today in Bangladesh

Nearly half of production capacity remains unutilised in a decade

Nearly half of the production capacity at the Shahjalal Fertilizer Factory-established at Fenchuganj in Sylhet at a cost of around Tk 50 billion to reduce import dependence by producing 580,800 tonnes of urea annually-has remained unutilised even after ten years of operation.The underperformance stems from a total of 1,017 days...

Incessant rains disrupt life, spark flood fear

Heavy and persistent monsoon rains have disrupted life in various parts of Bangladesh inundating low-lying areas, triggering water-logging and raising concerns of potential flashfloods, particularly in the country's southeastern districts, report agencies.In Dhaka, light rain since morning led to water-logging and muddy roads in various areas, adding to commuters' woes.Twenty-four...

Almost all overdue payments to IPPs cleared

The interim government has cleared almost all the overdue payments to privately-owned power plants to ensure increased electricity supply from such plants in the future.The payment backlog to privately owned power plants now stands only at around Tk35billion, only around 14 per cent of the all-time high overdue payments worth...

Yield on 2-yr BGTBs falls

The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday as banks showed increased willingness to invest their excess liquidity in risk-free securities.The cut-off yield, generally known as the interest rate, on the BGTBs declined to 11.60 per cent on the day, down from 12.29 per cent...

Cases climb, stirring public health worries

The number of Chikungunya cases has been climbing sharply in Dhaka and several other urban areas, prompting fresh concerns for public health amid the ongoing monsoon, when mosquito-borne diseases tend to spread rapidly.According to the Institute of Epidemiology, Disease Control and Research (IEDCR), a total of 337 suspected cases of...

Forex reserves dip below $30b after ACU payment

The country's gross foreign- exchange (forex) reserves have fallen below the $30-billion mark following the payment of $2.02 billion in import bills through the Asian Clearing Union (ACU), according to Bangladesh Bank (BB).After this significant settlement, Bangladesh's gross forex reserves stood at $29.53 billion based on BB's calculation and $24.45...

Hilly regions in Ctg face landslide risk

CHATTOGRAM, July 08: Continuous monsoon rain from Saturday has left tens of thousands of people living in the hilly regions of Chattogram in high risks of landslides.Rainfall continued till the filing of this report on yesterday (Tuesday) evening from Saturday and the local meteorological department recorded a total of 56.6...

Travel ban on Salman, his son, ex-IFIC Bank officials imposed

A special court in Dhaka on Tuesday issued a travel ban on 13 individuals, mostly related to the IFIC Bank, including its former Chairman Salman Fazlur Rahman and Vice-Chairman Ahmed Shayan Fazlur Rahman in connection with a graft case filed against them. Judge of the Senior Special Judge's Court in...